Fischer–Tropsch synthesis produces a product that invariably contains C4 and lighter material. The C2–C4 fraction has a high olefin content. The light hydrocarbons in the Fischer–Tropsch tail gas can be separated from the unconverted synthesis gas, but the added cost and complexity of doing so by pressure distillation is often considered unjustified. In this study the possibility of reactive recovery of the C2–C4 olefins from the Fischer–Tropsch tail gas by oligomerization over H-ZSM-5 was investigated. Two specific issues were investigated for this unconventional application of this industrially practiced technology, namely, to determine the impact of low olefin partial pressure on productivity and to determine whether acid catalyzed CO reactions, such as the Koch reaction, were taking place. Catalyst and reactor system performance was evaluated using model propylene oligomerization. A catalyst productivity of 0.42 g·(gcat)−1·h–1 was achieved with a 39% C3H6 feed at 190 °C, 3 MPa, and weight hourly space...